Oil Prices Surge 4% as US Tightens Sanctions on Russian Crude Exports
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping…
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OPEC Raises Forecast of Global Oil Demand, Peak Crude Demand Still Away
OPEC strongly criticized the IEA’s forecast of peak fossil fuel demand before the decade’s end, labeling the IEA’s narrative as “extremely risky”, “impractical”,…
Oil Prices Rise 4% as Hamas Attacks Israel Killing and Wounding Thousands
Oil prices rose today as Hamas and Israel continue their conflict with many injured and several dead on both sides.
Oil prices have risen following the…
Bond rout hits stocks, crude oil as Shiba Memu token thrives
The bond market resumed its sell-off as traders…
Olive Oil Prices Spike to Record Highs amid Drought-Induced Supply Crisis
Similarly, the global rice market is currently under pressure as China, the world’s top rice producer, deals with severe rain and flood concerns in its…
US Crude Oil Prices Cross $90 per Barrel for First Time in 10 Months
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.
In response to fears…
Here’s Why XRP could be The “New Oil” of Global Financial system
The analyst compares Ripple XRP as the “new oil” of the financial world…
World’s Largest Oil firm Saudi Aramco Reports 38% Drop in Q2 2023 Profits
Despite the revenue drop during the second quarter, Saudi Aramco declared a $19.5 billion dividend payout to shareholders.
Oil giant Saudi Aramco reported its Q2…
OPEC+ Sticks to Oil Production Target despite Saudi Arabia’s Additional Voluntary…
OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts.
The Organization of the…
Ryanair Posts Impressive FY23 Profit as It Capitalized on Its Oil Hedging Positions
The aviation business faces numerous problems and uncertainties, including fuel pricing, regulatory changes, geopolitical events, economic conditions, and…